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| Section | Objectives |
|---|---|
| Base Compensation Configuration | - Grade, grade step, and salary structure configuration - Salary basis setup |
| Security and Administration | - Access and approval flows - Roles and data security for compensation |
| Workforce Compensation Implementation | - Compensation plans setup - Eligibility and workforce rules |
| Total Compensation Configuration | - Compensation statements setup - Budgeting and allocation rules |
| Elements and Compensation Basics | - Earnings and deductions setup - Element configuration and usage in compensation plans |
1. What is the relationship between Net Pay and Earnings? (Choose the best answer.)
A) Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings for the run.
B) Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings minus all the non-voluntary deductions calculated for the run.
C) Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings minus all the deductions calculated for the run.
D) Net Pay is a calculated balance that is standard earnings minus all the deductions calculated for the run.
2. A corporation has implemented Oracle Fusion Workforce Compensation. Per business requirements, the Fusion consultant must integrate Oracle Fusion Workforce Compensation with Oracle Fusion Benefits to fetch the value of Benefits Amount as one of the input values for the Benefit element to get the eligible salary of an employee for the compensation process.
Identify the option that will enable fetching of the Benefits Amount value. (Choose the best answer.)
A) Create an "Amount" input value at the element eligibility link level.
B) Select the "Allow User Entry" and "Create a Database Item" check boxes for the element input value.
C) Database items are created by default for the element input values.
D) Select "Pay Separately" as the "Special Purpose" option.
3. A corporation needs to set up a compensation plan for a vehicle allowance that will allow different amounts for different types and models of vehicles.
How can you achieve the desired results? (Choose the best answer.)
A) Configure as many compensation plans as there are different types and models, because options cannot have associated eligibility profiles, and use the same payroll element for all of them.
B) Configure one compensation plan, add as many options as there are allowed for different types and models. Define eligibility and associate the different payroll elements to all the options such that any payroll element can be associated with only one plan and option.
C) Configure one compensation plan and add as many options as three are allowed for vehicle types and models. Define eligibility and associate the same payroll element to all the options such that an employee can use only one option.
D) Configure as many compensation plans as there are allowed types and models of vehicles, because options cannot have eligibility profiles associated, and use different payroll elements for each of them.
4. An organization provides compensation such as salary and bonus earnings for its workers. It also tracks commissions and company-paid taxes for them.
Which two statements are true when configuring the items? (Choose two.)
A) Formula will require you to specify the Legislative Data Group as the Additional Data Entry.
B) Payroll Balance will require you to specify the Legislative Data Group as the Additional Data Entry.
C) Element Entry will require you to specify the Legislative Data Group as the Additional Data Entry.
D) Benefit Balance will require you to specify the Legislative Data Group as the Additional Data Entry.
5. When a manager clicks the "Prepare in workbook" option, while processing compensation changes, what population would she or he see in the exported Excel spreadsheet? (Choose the best answer.)
A) The filtered population
B) Worksheet population
C) Direct Reports
D) Budget sheet population
E) Entire organization's population under that manager
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: A,B | Question # 5 Answer: B |
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